America’s Car-Mart (NASDAQ:CRMT) Earns Equal Weight Rating from Analysts at Stephens

Stephens assumed coverage on shares of America’s Car-Mart (NASDAQ:CRMT) in a report released on Wednesday, Marketbeat reports. The brokerage issued an equal weight rating and a $50.00 price target on the stock.

Separately, StockNews.com upgraded America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.00.

America’s Car-Mart Stock Performance

Shares of America’s Car-Mart stock opened at $41.77 on Wednesday. The company has a market capitalization of $267.33 million, a PE ratio of -7.29, a P/E/G ratio of 1.24 and a beta of 1.67. The company has a 50-day simple moving average of $42.86 and a two-hundred day simple moving average of $55.06. America’s Car-Mart has a one year low of $37.98 and a one year high of $83.07.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.81). America’s Car-Mart had a negative net margin of 2.66% and a negative return on equity of 7.75%. The firm had revenue of $347.76 million for the quarter, compared to analysts’ expectations of $338.78 million. During the same period in the previous year, the company earned $0.63 EPS. The company’s revenue was down 5.2% on a year-over-year basis. On average, equities analysts predict that America’s Car-Mart will post 0.93 earnings per share for the current fiscal year.

Insider Buying and Selling at America’s Car-Mart

In other news, Director Joshua G. Welch purchased 23,255 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were acquired at an average price of $43.00 per share, for a total transaction of $999,965.00. Following the purchase, the director now owns 148,955 shares in the company, valued at $6,405,065. This trade represents a 18.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Adam K. Peterson acquired 813,953 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was purchased at an average cost of $43.00 per share, for a total transaction of $34,999,979.00. Following the completion of the acquisition, the insider now directly owns 1,582,363 shares of the company’s stock, valued at approximately $68,041,609. This trade represents a 105.93 % increase in their position. The disclosure for this purchase can be found here. 19.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On America’s Car-Mart

Several hedge funds and other institutional investors have recently bought and sold shares of CRMT. Point72 DIFC Ltd purchased a new stake in shares of America’s Car-Mart in the 3rd quarter valued at $40,000. Point72 Asset Management L.P. boosted its holdings in America’s Car-Mart by 290.9% in the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock valued at $80,000 after purchasing an additional 1,414 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in America’s Car-Mart during the 3rd quarter worth about $113,000. EntryPoint Capital LLC purchased a new position in shares of America’s Car-Mart during the 1st quarter valued at about $178,000. Finally, Hsbc Holdings PLC acquired a new position in shares of America’s Car-Mart in the 2nd quarter valued at about $221,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

About America’s Car-Mart

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas.